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Under-investment in regional infrastructure harming Irish economy

Written by Robert McHugh, on 4th Mar 2019. Posted in General

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Over 300 delegates attended the Ireland Chapter of Project Management Institute’s (PMI) sold-out annual national conference in Cork last week.

The conference, with headline sponsor EY, heard that strategic project management of regional infrastructure is vital to ensure stabilisation and future growth of the Irish economy.

The PMI have warned that with Dublin feeling the worst effects of the housing crisis — rents there are 8.8% higher than just a year ago — this is negatively impacting desired international investment.

The group warns that joined-up thinking — or ‘good project management’ — is required to ensure the regional investment promises made in Project Ireland 2040 are actioned to make each of Ireland's regional cities a viable option for business.

The group believe that while Ireland should be the default location for companies seeking to relocate from the UK into an EU country, a disproportionate focus placed on Dublin is reducing Ireland’s competitiveness.

Incentives for regionalisation highlighted at the conference include the long-awaited rural broadband network, and high-speed road and rail links between all Irish major cities, including Cork, Limerick, Galway and Dublin.

Speaking last week at the conference, which was held for the first time outside of Dublin, President of the Ireland Chapter of PMI, Pat Lucey said, "As the national body of project managers in Ireland, it was important for the Chapter to move outside of the capital for its national conference — decentralisation delivers advantages across all sectors; from government departments to multi-nationals. Chronic under-investment in regional infrastructure is placing our economy, and future projects, at risk."

He added, "There is huge opportunity for economic growth in Ireland over the next 20 years. However, over-reliance on the Dublin region is jeopardising this growth as it struggles to meet demand."

Source: www.businessworld.ie

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